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AJ&P Leasing Acquires 2,400 SF Industrial Property In Elkridge For $1.3M
SOLD
$1,300,000
Maryland
See Similar DealsIndustrial2,400 SF
Sold 07/14/2023
SOLD
AJ&P Leasing Acquires 2,400 SF Industrial Property In Elkridge For $1.3M
7121 Kit Kat Road Elkridge, Maryland 21075, USA
See Similar DealsIndustrial2,400 SF
Sold 07/14/2023
Summary
MARYLAND
Asset Type:Industrial
Price Per Square Foot:$541
Total Square Footage:2,400 SF
Transaction Type:Sale
AJ&P Leasing, LLC has purchased a 2,400 square-foot warehouse property situated on 2.1 acres at 7121 Kit Kat Road in Elkridge. The transaction was completed for a sale price of $1.3 million, resulting in a price per square foot of $542.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $1,300,000
- Address: 7121 Kit Kat Road, Elkridge, MD
- Market: Elkridge, MD
- Acres: 2.1
The buyer, AJ&P Leasing, LLC, acquired the warehouse property with the assistance of Matthew Curran, Daniel Hudak, and Andrew Meeder from MacKenzie Commercial Real Estate Services. This purchase presents an opportunity for AJ&P Leasing, LLC to expand its operations in Elkridge.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$69,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,618.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,162.66
Annual Debt Service$73,951.96
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